Private sale advert less than the WBAC price
Discussion
So i have a habit of using WBAC when looking at prices of advertised cars, just as a guide so I reassure myself I'm not being ripped off. Within £2-3k seems about the norm for dealer prices and quite often private sales tend to sit somewhere between the both.
This week a private seller has popped up on AT at around £3-4k below dealer price, but surprisingly also £500 less than what WBAC are quoting, the car is 3 year old and states one owner and full history and under warranty, all AT checks are showing the car as clear.
I have not yet spoken to the seller, but there no mention of damage or anything else that would stop it being sold to WBAC.
Would this be a red flag when someone is offering a car for less than what WBAC would offer them, never used WBAC but spoken to people who have, they have said they try to knock you down a bit for marks / tyre tread etc, but with £500 to play with and a no hassle sale why would someone sell privately for less and the hassle that can also come with dealing with the public, AT fees etc, the likes of motorway would probably offer more.....this is a £20k plus motor
This week a private seller has popped up on AT at around £3-4k below dealer price, but surprisingly also £500 less than what WBAC are quoting, the car is 3 year old and states one owner and full history and under warranty, all AT checks are showing the car as clear.
I have not yet spoken to the seller, but there no mention of damage or anything else that would stop it being sold to WBAC.
Would this be a red flag when someone is offering a car for less than what WBAC would offer them, never used WBAC but spoken to people who have, they have said they try to knock you down a bit for marks / tyre tread etc, but with £500 to play with and a no hassle sale why would someone sell privately for less and the hassle that can also come with dealing with the public, AT fees etc, the likes of motorway would probably offer more.....this is a £20k plus motor
I sold a car at the start of the year and agreed a price with the buyer which is what a WBAC enquiry showed. I was expecting WBAC to knock me down for wear and tear so consider this a fair deal.
The buyer paid a deposit but for various reasons didn’t collect for a month which I was ok with. Over that time WBAC kept contacting me to the point that their final price was over £1000 more than the price I’d agreed the sale at.
It may be that the seller has done a WBAC check and since they advertised it the value has increased. Likewise it might be they’re expecting to get knocked down on price for some defects and so just want to offer it at a fair price. Either way, sometimes there are good deals to be had and a conversation with the owner should quickly identify the reasons.
The buyer paid a deposit but for various reasons didn’t collect for a month which I was ok with. Over that time WBAC kept contacting me to the point that their final price was over £1000 more than the price I’d agreed the sale at.
It may be that the seller has done a WBAC check and since they advertised it the value has increased. Likewise it might be they’re expecting to get knocked down on price for some defects and so just want to offer it at a fair price. Either way, sometimes there are good deals to be had and a conversation with the owner should quickly identify the reasons.
Some people just put their car up for sale at a price they'd be happy with without overthinking it.
Friends of mine wanted to sell their caravan.
I looked around and told them I thought £13.500/£14.000
They said they'd be happy with £11k and put it on faceache for that.
Straight away someone was round and offered £10k which they accepted.
It will probably be back for sale again for more but they were happy with a quick sale.
TLDR people are odd.
Friends of mine wanted to sell their caravan.
I looked around and told them I thought £13.500/£14.000
They said they'd be happy with £11k and put it on faceache for that.
Straight away someone was round and offered £10k which they accepted.
It will probably be back for sale again for more but they were happy with a quick sale.
TLDR people are odd.
Theoldguard said:
So i have a habit of using WBAC when looking at prices of advertised cars, just as a guide so I reassure myself I'm not being ripped off. Within £2-3k seems about the norm for dealer prices and quite often private sales tend to sit somewhere between the both.
This week a private seller has popped up on AT at around £3-4k below dealer price, but surprisingly also £500 less than what WBAC are quoting, the car is 3 year old and states one owner and full history and under warranty, all AT checks are showing the car as clear.
I have not yet spoken to the seller, but there no mention of damage or anything else that would stop it being sold to WBAC.
Would this be a red flag when someone is offering a car for less than what WBAC would offer them, never used WBAC but spoken to people who have, they have said they try to knock you down a bit for marks / tyre tread etc, but with £500 to play with and a no hassle sale why would someone sell privately for less and the hassle that can also come with dealing with the public, AT fees etc, the likes of motorway would probably offer more.....this is a £20k plus motor
So, after getting their quote (that isn't a quote) they went to WBAC office & they then did their usual & dropped it significantly.This week a private seller has popped up on AT at around £3-4k below dealer price, but surprisingly also £500 less than what WBAC are quoting, the car is 3 year old and states one owner and full history and under warranty, all AT checks are showing the car as clear.
I have not yet spoken to the seller, but there no mention of damage or anything else that would stop it being sold to WBAC.
Would this be a red flag when someone is offering a car for less than what WBAC would offer them, never used WBAC but spoken to people who have, they have said they try to knock you down a bit for marks / tyre tread etc, but with £500 to play with and a no hassle sale why would someone sell privately for less and the hassle that can also come with dealing with the public, AT fees etc, the likes of motorway would probably offer more.....this is a £20k plus motor
'Nuff said.
paul_c123 said:
There is no such thing as a "WBAC" price that is meaningful or accurate, except the price which they actually pay you, minus any fees, at the time/place when and where you actually sell it.
It changes regularly too, depending if they want certain cars or not. I bought my Golf Mk5 Gti in a hurry, unseen, a overheard conversation about WBAC offering 2400, I offered 2k not to have the hassle.
Some people dont want to deal with them, I am one, never sold anything to them, or checked prices of anything I am selling with them.
Happy with a profit on whatever I paid and a happy buyer.
Some do go in minutes though.
There is a WBAC price which you get when you do a quick quote...it assumes the car is absolutely perfect.
There is also a further WBAC price, where you spend 10 mins noting any defects, scuffs on the wheels, scratches, chips, marks, number of keys, service history, length of MOT, number of owners etc which will now be nowhere the original quote. Unless the car is in fact perfect.
There is also a further WBAC price, where you spend 10 mins noting any defects, scuffs on the wheels, scratches, chips, marks, number of keys, service history, length of MOT, number of owners etc which will now be nowhere the original quote. Unless the car is in fact perfect.
Yes this is correct - the WBAC business model for price appraisals sets a benchmark of a perfect condition car without the slightest issue or blemish. Considering many cars they buy will be more than a few years old it’s going to be virtually impossible to present them with a car in that condition. So you have to declare every little piece of damage, down to the last stone chip to get a reliable price on line.
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